Average T-note Yield 11.30%

March 27, 1985

The government sold $6.26 billion of four-year notes Tuesday at an average yield of 11.30 percent, the highest in five months. There were $21.8 billion in tenders for the 11.25 percent coupon notes, sold at an average price of 99.843, with 100 representing par, or face, value. The yield was the highest since the 11.42 percent of Oct. 31 and was above the last auction, which produced a 10.72 percent yield on Dec. 31. The high bid was 11.32 percent, and the low bid was the same as the average yield. The auction was part of a quarterly package of securities totaling $16.25 billion to be sold this week. On Wednesday, the government will sell $5.75 billion of seven-year notes and on Thursday $4.25 billion of 20-year bonds.